LMAO: India resells Russian oil to the European Union.

[Charles-Tim]

This is business as usual and I think that this will make their relationship and friendship better. While the world is in economic turndown due to the price of oil. There goes India that won't be affected by it and instead, they're making business in this situation. This is the same as the start of the pandemic, while the world is experiencing fear of the virus, there go the huge pharma companies that have been making billions out of the situation.

It is business but this means nothing change nothing, EU wants to cut down the importation of crude oil and it's by-product from Russia, Russia decided not to supply gas to some EU countries. But now, EU will buy the oil products from India, which means Russia is not affect but a means India are making money.

[1714841275]

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[Tony116]

Indians are making money, Russians are making money, Europeans getting robbed and still buying the Russian gas.

Brilliant scheme.

Lmao What happened to Europe’s unicorn fart powered windmills anyway? I thought oil/gas was outdated… What happened to WEF’s push for zero carbon footprint?

Also wants to see those faces who want to import gas and oil from an African country. What happens to that initiative? EU should kick out the USA from their coalitions. Every place they put their footprints causes trouble for the people of that region. Where is Qatar now? They also promised to help the EU with fuel supply. Now EU has two options: 1) Buy oil and gas from the USA at a higher price or 2) lift sanctions on Russia.

The EU is very dependent on the US, both militarily as well as politically, seeing the EU at this time as no different from a tool for the US to use to contain other countries.

Sanctions do not seem to do too much damage to Russia and the EU is running out of cards to punish Russia, which is a clear failure. It is the people of the EU who suffer the most, not the US government.

[Alisha-k]

European union is been robbed here, but do we think the EU are unaware of this? they literally know the amount of oil India can refine and supply to them weren't they suspicious of the increased supply. They EU are playing blind on this i know they know the source of the oil supplied from the Indians but can't question it.

[davis196]

The European Union is governed by complete idiots. There's no doubt about that.
The so called "Green Deal" is BS. The policies regarding Middle East refugees were BS. The sanctions towards Russia are going to end up as a total BS. When the retarded bureaucrats of the EU are going to do something right?
India is too far away from Europe, I think that countries like Turkey might be buying more Russian oil, refining it and selling the gasoline and diesel to the EU countries(I don't remember if Turkey actually had oil refining facilities, though). The transport costs would be lower.

[Sithara007]

European union is been robbed here, but do we think the EU are unaware of this? they literally know the amount of oil India can refine and supply to them weren't they suspicious of the increased supply. They EU are playing blind on this i know they know the source of the oil supplied from the Indians but can't question it.

Being an Indian, I fully support the decision from the Indian government to import Russian crude. Why we Indians should suffer from stupid Western policies? Crude oil was trading at $40 per barrel when Trump was in power. And then Biden was elected as the president. The first decision he took was to cancel the Keystone XL pipeline and to ban fracking in federal lands. The prices went up by 100% as a result. And they went up further as a result of sanctions and embargoes imposed by the US on Russia. And they went even further up, after stupid Americans seized the Iranian oil tanker. Now listen, we Indians are tired of paying the price for aggressive policies from the US. Those in the US and EU maybe able to afford 3x increase in gasoline prices. We can't afford these prices.

[Taskford]

European union is been robbed here, but do we think the EU are unaware of this? they literally know the amount of oil India can refine and supply to them weren't they suspicious of the increased supply. They EU are playing blind on this i know they know the source of the oil supplied from the Indians but can't question it.

Being an Indian, I fully support the decision from the Indian government to import Russian crude. Why we Indians should suffer from stupid Western policies? Crude oil was trading at $40 per barrel when Trump was in power. And then Biden was elected as the president. The first decision he took was to cancel the Keystone XL pipeline and to ban fracking in federal lands. The prices went up by 100% as a result. And they went up further as a result of sanctions and embargoes imposed by the US on Russia. And they went even further up, after stupid Americans seized the Iranian oil tanker. Now listen, we Indians are tired of paying the price for aggressive policies from the US. Those in the US and EU maybe able to afford 3x increase in gasoline prices. We can't afford these prices.

That's right indian government is just doing a right thing because they do a wisest decision for betterment of their citizens and why do they join on those sanctions while they know that they are the one who will suffer. We see many country who join at it suffer from huge inflation bloat up and its good action made by them to take advantage on situation then earn with this and not suffer on major oil price increase just like what happen to many countries on any parts of the world.

[Kakmakr]

The sanctions will never work, because people are too dependent on Oil and Gas..... and if they cannot buy it from Russia, then they will explore other markets. Russia can destroy the global Oil cartel by selling it's Oil and Gas at a cheaper price to countries that are not part of these sanctions. 

We saw what happened to Iraq and Iran when the Western world sanctioned them after the 911 fiasco.  (They just sold Oil to "friendly" countries and those companies re-sold that processed Oil to the rest of the world) 

[Lucius]

There is always a way to circumvent sanctions, it is just a question of how resourceful those who trade in oil will be. These days, the story is circulating again that many tankers are shutting down their transponders near the African coast because they want to mask the trail where exactly they were. Oil from China and India flows directly from ship to ship and then continues on its way to the EU and the US - which is not a new method, but it is now widely used.

Here is an example from 2019 :

The Cyprus-flagged oil tanker Berlina was drifting near the Caribbean island of Dominica earlier this year when tracking technology showed it stopping in its tracks and in two minutes turning around 180 degrees.

It was an amazingly quick pivot since the 274-meter ship needs roughly 10 times that amount of time to perform such a maneuver.

Even more intriguing: Around the same time the Berlina was pinging its location at sea, it was physically spotted loading crude oil in nearby Venezuela despite U.S. sanctions against such trading.

Meanwhile, nine other ships, some connected to the same Greece-based owner of the Berlina, were digitally monitored moving nearby at an identical speed and direction with sudden draft changes, indicating they had somehow been loaded full of crude though apparently out at sea.

[og kush420]

There is always a way to circumvent sanctions, it is just a question of how resourceful those who trade in oil will be. These days, the story is circulating again that many tankers are shutting down their transponders near the African coast because they want to mask the trail where exactly they were. Oil from China and India flows directly from ship to ship and then continues on its way to the EU and the US - which is not a new method, but it is now widely used.

Here is an example from 2019 :

The Cyprus-flagged oil tanker Berlina was drifting near the Caribbean island of Dominica earlier this year when tracking technology showed it stopping in its tracks and in two minutes turning around 180 degrees.

It was an amazingly quick pivot since the 274-meter ship needs roughly 10 times that amount of time to perform such a maneuver.

Even more intriguing: Around the same time the Berlina was pinging its location at sea, it was physically spotted loading crude oil in nearby Venezuela despite U.S. sanctions against such trading.

Meanwhile, nine other ships, some connected to the same Greece-based owner of the Berlina, were digitally monitored moving nearby at an identical speed and direction with sudden draft changes, indicating they had somehow been loaded full of crude though apparently out at sea.

I am not sure - why USA has given so much relief to IND?
They are getting oil from Russia - and USA did not object. They are keep so many Kashmiri in curfew and lock down for months and no one object.
Now we all know - how depressing the lock down are - Kashmiris are living in lock down for months post COVID too.

[Sithara007]

I am not sure - why USA has given so much relief to IND?
They are getting oil from Russia - and USA did not object. They are keep so many Kashmiri in curfew and lock down for months and no one object.
Now we all know - how depressing the lock down are - Kashmiris are living in lock down for months post COVID too.

I don't want to divert the topic, but there are certain facts on Kashmir that can't be ignored. The former princely state of Kashmir had a total area of 222,441 sq.kms. Out of that, the Indian government currently controls an area of 101,387 sq.kms (45.58% of the total area). The majority of Kashmir is under the control of Pakistan or China. And now coming to the population, 27.6% of the population was comprised of Hindus, Sikhs and Buddhists in 1941. Now these groups are absent in the Pakistan controlled part of Kashmir, because they were exterminated in 1947. Pakistan has no right to talk about Kashmir, because they exterminated non-Muslim Kashmiris in 1947.

And now coming to oil imports from Russia, I would like to remind everyone that India is a sovereign nation. We will import from anyone as per our choice and Americans doesn't have any right to dictate us.

[Lucius]

I am not sure - why USA has given so much relief to IND?
They are getting oil from Russia - and USA did not object.

Maybe out of geostrategic interests and because of the US policy in that part of the world? After all, other countries do business with Russia in public or in secret, and dependence on Russian energy cannot be broken just like that. I think it would be completely unfair to point the finger at India because it is doing something that other countries are doing anyway, especially most EU members.

Although according to the data on oil imports when it comes to India, it should be noted that India does not buy oil only for its own needs. Whether they are trying to profit from the current situation, or have secret agreements with someone to be a mediator for Russian oil, remains a question.

Since the invasion of Ukraine, India has bought three times as much oil from Russia as in the same period last year, according to data from Refinitiv Eikon.

[Zlantann]

Sanctions on any nation would be very potent in the following circumstances;
1) If the target nation has no needed natural resources or finished products.
2) If they have no ally that is a world power
3) If they are landlocked and have unhealthy relationship with neighboring countries

1. For as long as Russia is a major producer of oil and gas, they would have many clients that would smartly look for means to invade these sanctions and buy this oil. One would have thought that by now Iran would have crumbled with the magnitude of sanctions imposed on them by US and Europe. But because they have what is needed, theses sanctions would always be invaded by all means. Russia is enticing most countries with cheap oil and they would definitely attract clients.

2. Any country that has a good relationship with any world power would ultimately invade sanctions. These nations respects each other. Hence, even when any of them assists or helps a sanctioned nation, the matter is not taken seriously. China and India have been helping Russia invade these sanction and the US and other nations are handicap. Consensus or coordinated sanctions becomes difficult because friendly nations would always oppose these sanctions.

3) It would be very easy to impose sanctions on a landlocked nation especially if it is a coordinated effort with neighboring nations. Russia is not landlocked and most countries like Hungary and Belarus are still its allies. This would make sanctions very difficult to implement.    
  

[el kaka22]

A magnificent move really. I do not know much about this deal, but if it is true then it is definitely a great deal and should be utilizing the Russia sanctions very well this way.

If India didn't, then some other nation would have, and Russia is making money even though there are sanctions thanks to this "via" deals as well. Take whatever you can from the deal because by liberal policies and ideology, if you are not going to do it because it is "unethical" then someone else would, and they would live a better life than you. Plus, India is not putting a gun against anyone's head, if you want to do it, then do it, if you don't, then stay away from them.

[Sithara007]

A magnificent move really. I do not know much about this deal, but if it is true then it is definitely a great deal and should be utilizing the Russia sanctions very well this way.

If India didn't, then some other nation would have, and Russia is making money even though there are sanctions thanks to this "via" deals as well. Take whatever you can from the deal because by liberal policies and ideology, if you are not going to do it because it is "unethical" then someone else would, and they would live a better life than you. Plus, India is not putting a gun against anyone's head, if you want to do it, then do it, if you don't, then stay away from them.

When Turkey (under Recep Tayyip Erdoğan) was purchasing crude oil from the ISIS and re-exporting the refined products, there was no such outcry. In fact, the Erdoğan family was directly involved in this trade and his son is rumored to have made billions of USD in profits as a result. But when India purchase a few barrels of crude from Russia, all the hell break lose. We don't care about this fake sense of ethics and morality from the western nations. As an Indian, I fully support the decision from the central government.

[Don Pedro Dinero]

We don't care about this fake sense of ethics and morality from the western nations. As an Indian, I fully support the decision from the central government.

I understand you, you look out for what is best for your country and your people, especially if you see that the European Union is making an ass of itself.

In this case as a European I do not understand the hypocrisy of the European Union and I also believe that it is going to be the region of the world that is going to lose the most in all of this. Europe's green shift was made on the basis of cheap Russian gas (which is obviously ecological, lol) and now that they don't want Russian gas (or oil), let's see how to support the renewable energy mix, as there are only two options: fossil fuels or nuclear energy.

As neither of the two options is liked (except in France, which has a lot of nuclear power), in the end we see cases like this: I don't buy oil from Russia but in reality I do buy it from them, actually more expensively via India, but I will never admit it.

[lovesmayfamilis]

This has not been a secret for all sellers and buyers for a long time. Anyone who buys oil from India is well aware that India resells, and the European Union always has the right not to make such deals. However, this does not happen. There is an expression that "money does not smell", so this is the most common business. Sanctions do not give the desired result, but they give many solutions, and there may be benefits to bypassing them. It remains only to ask, who benefits from the imposed sanctions? I think the answer suggests itself.

[Sithara007]

I understand you, you look out for what is best for your country and your people, especially if you see that the European Union is making an ass of itself.

In this case as a European I do not understand the hypocrisy of the European Union and I also believe that it is going to be the region of the world that is going to lose the most in all of this. Europe's green shift was made on the basis of cheap Russian gas (which is obviously ecological, lol) and now that they don't want Russian gas (or oil), let's see how to support the renewable energy mix, as there are only two options: fossil fuels or nuclear energy.

As neither of the two options is liked (except in France, which has a lot of nuclear power), in the end we see cases like this: I don't buy oil from Russia but in reality I do buy it from them, actually more expensively via India, but I will never admit it.

France did the right thing by driving off the tree huggers and allowing the nuclear power plants to operate. On the other hand, Germany closed down most of theirs under pressure from the warmonger Green party and then further exacerbated the situation by constructing wind power plants where there is no wind, and solar power plants where there is no sunlight. And now they are about to shut down at least some of their natural gas fired powerplants, which would mean that they will be importing massive amounts of electricity from France.

[kryptqnick]

It's unfortunate that India didn't join the common action against Russia. It was obvious from the start that they wouldn't, but it's still sad. Yes, India has a lot of profit to make here, but profit on war, on blood, on what several countries and many scholars call a genocide? Is it really alright to make profit when such terrible things are done by Russia with the money it gets from selling oil?
And the EU, well, I'm not surprised that everyone is pretending that it's not Russian oil while knowing it probably is.

[paxmao]

Let's see how Russia will be able to sell about 3 million barrels that were going to Europe and its allies.

Through the Druzhba pipeline? Haven't you realized yet that the EU oil embargo is pure farce and bluff. Hungary did not join the embargo, Bulgaria, Slovakia and Croatia did, but with a number of reservations and delays. A large refinery in East Germany that produces aviation fuel for the whole of Europe is designed for heavy Russian oil, and it is easier to build a new plant than to reconfigure an old one. Europe has painted itself into a corner with populist statements by incompetent politicians, and now their voters will have to pay the price. Russia does not need to sell three million barrels to Europe when Europe is driving up oil prices through its actions. It is enough to sell two million and get the same money or even more.

False. The embargo is real. The oil bought by those countries is 10% of the total and does not make any difference. Hungary is as close as a country can get to being expelled from the EU for failing to follow the rule of law, implementing one state of exception after another. They are already excluded from the EU funds for those reasons. Let them buy from Adolf Putin, eventually they may only be able to buy from him.

There is no lack of refining capability in Europe, there is no lack of heavy crude oil in the world. Unfortunately, the RF citizens are going to have a though time in the next decade.

US and EU are avoiding what is called "secondary sanctions" to India and China, but India will pay a price for this eventually.

[Hydrogen]

I would guess other nations are also purchasing and reselling russia's oil and commodities in a process of commodity laundering. The high profit and low risk involved are too great to ignore. Consumers are willing to pay a little extra to have a clearer conscience and believe they're purchasing oil and natural gas from india, rather than russia. Its a common practice with sweatshops, child labor and slave labor. People turn a blind eye to corruption and exploitation, pretending they do not exist, to avoid guilt.

The same negative precedent is found in other markets and supply chains around the world.